If this rout of the Rubel continues at this pace--Russian default is around the corner. Their CB has nothing left to use effectively to even slow the rout down.
There is only one thing that will effectively stop it--open and visually and verified pull out of the Ukraine--but that means a defeat for Putin and he loses face---that will not happen.
Over 93 for a £
Over 74 for a €
Almost 60 for the US $
pic.twitter.com/PaxOF1syPL
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